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3 years ago

When money serves as a common denominator for measuring the exchange rates among goods and services, it performs as a

Business

1 answer:

Aleks [24]3 years ago

4 0

Answer:

Standard of value.

Explanation:

When money serves as a common denominator for measuring the exchange rates among goods and services, it performs as a standard of value.

Standard of value is an agreed-upon worth for a transaction in a country's medium of exchange, such as the U.S. dollar or Mexican peso. A standard of value allows all merchants and economic entities to set uniform prices for goods and services

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Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but

aleksandrvk [35]

Answer:

C. process innovation

Explanation:

Based on the information provided within the question it can be said that the approach being used in this scenario is known as process innovation. This refers to implementing significant changes to the current techniques, equipment and/or software of an organization in order to significantly improve the overall processes/costs/products of the organization. Which is what Dr. Shetty has done by implementing thousands of small changes in order to drastically lower the costs.

6 0

3 years ago

What was a major result of Henry Ford's innovative manufacturing technique?

NeTakaya

B) The sale price of cars went down.

8 0

3 years ago

An ethical issue is a problem, situation, or opportunity a. requiring an individual, group, or organization to choose among seve

katovenus [111]

Answer: Requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong, ethical or unethical.

Explanation:

An ethical issue is a point where an Individual/Organization has to make a decision on whether an action taken or yet to be taken, is right or wrong, ethical or unethical.

5 0

3 years ago

CarPro is an automobile dealer selling only new cars. CarPro sells three types of vehicles: sedans, SUVs and trucks. CarPro plac

netineya [11]

Answer:

14 truck and 1 suv produce 21,800 profit

Explanation:

We have to solve for the contribution margin considering the constraing resourse which, is the ordering cost:

$\left[\begin{array}{cccc}&sedan&SUV&truck&\\$NRV&19000&21850&20425&\\$Cost&-18000&-20500&-19000&\\$CM&1000&1350&1425&\\$Constrain resource&18000&20500&19000&\\$CM per constrain&0.05556&0.0659&0.075&\\\end{array}\right]$

The card models revenue is calcualted using the net realizable value for each card, which is their sales price less the 5% sales commission.

Then we solve for how many truck will it purchase:

300,000 / 19,000 = 15,78

So the company will purchase 15 trucks

giving 15 x 1,425 = 21,375

This will require 2.5 x 15 = 37.5 hours thus 5 sales man (40 labor)

This creates 2.5 hours unsured

and also 300,000 - 15,000 x 19,000 = 15,000 dollar which are not productive

So, we will try to make a better use to purchase the SUV which is the second best option instead of the 15th truck:

giving 14 x 1,425 + 1350 = 21,300

we subtract the 500 dollar of sales man and get a 21,800 profit

with less unproductive dollar. So this will be the answer

7 0

4 years ago

What kind of transition does a peak mark in the business cycle?

MissTica

expansion to contraction

Explanation:

The peak in a business cycle is marked by super-heated business sentiments, growth in business and increased production and hence enhanced profits. However, the transition to peak cycle is marked by a continuous phase of declining production capacity, depreciating profits and contraction of the business process.

Peak, contraction, slowdown, recovery is the phases of the cyclical business process. Peak gives way for contraction which eventually leads to slowdown. After a brief period of lull, the business recovers and again it ascends its peak and the cycle continues.

8 0

3 years ago